SBC News Voice of the Sports Betting Industry
Rank Group the gaming corporation that owns and operates gaming companies – Grosvenor Casinos, Top Rank Gaming, Mecca Bingo, Gala Group and Rank Espana, have published full-year results for the period of 1 January 2013 to 30 June 2013 (Group Interim Report).
Rank Group reported a steady performance for the first six months of 2013. The Group saw total gaming revenues up 7% to £625m, nevertheless Rank witnessed an adjusted profit before tax was down 1% at £65.1m. Adjusted earnings per share were set at 12.4p in line with last year, seeing a final dividend of 2.85p being optional to Group Shareholders, up 14% for 2012 dividend.
Ian Burke, CEO, Commented on the Group performance:
‘Despite the tough economic environment and the competitive market in which we operate the Group has delivered a solid set of results.
‘It has been a busy 12 months for Rank culminating in the successful completion in May of the acquisition of 19 casinos and 3 non-trading licences from Gala Coral, making Rank the leading operator of casinos in Great Britain. These additional casinos are already being integrated into the Rank estate and a programme of improvements has commenced.
‘The recent hot weather has adversely impacted trading in the first weeks of the new financial year. However, we remain confident in the Group’s long-term prospects and see good growth opportunities for our expanded casino estate and digital channels.’
Below is an SBC breakdown of Interim Results
Key Performance Indicators Published by Rank Group
